About 922 4th Avenue
Calling All Investors, Developers, & End-Users!!! 8 Unit Mixed-Use Building In Sunset Park For Sale!!! The Property Features Excellent Signage, Great Exposure, Strong M1-2D Zoning, 6 Parking Spaces, High 10' Ceilings, Separate Meters, Low Property Taxes, New Boiler, New Electric, Fenced Yard, All New LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of Sunset Park 1 Block From Industry City & The Gowanus Expressway (I-278)!!! Neighbors Include BMW, Toyota, Nissan. UPS, Chase Bank, The Home Depot, TD Bank, Costco, Dunkin', NYU Langone, Holiday Inn Hotels, McDonald's, Duane Reade, Rite Aid, Micro Center, Petco, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site / Home For Your Business!!! Income: Small World Money Transfer (750 Sqft.): $32,400 Ann. + $1,500 Towards Tax Bill.; 3% Ann. Inc.; Lease Exp.: 7/1/2025. They Pay 25% Of Tax Over The Base & Their Own Water. LL (1,200 Sqft.): $18,000 Ann. (Available) Unit 1 (1 Br. Apt.): $16,740 Ann.; Lease Exp.: 4/1/24. Unit 2R (1 Br. Apt.): $17,832 Ann.; Lease Exp.: 3/1/24. Unit 2F (1 Br. Apt.): $16,800 Ann.; Lease Exp.: 5/1/24. Unit 3R (1 Br. Apt.): $17,100 Ann.; Lease Exp.: 4/1/24. Unit 3F (1 Br. Apt.): $12,900 Ann.; Lease Exp.: 3/1/24. Unit 4R (1 Br. Apt.): $27,600 Ann.; Lease Exp.: 6/1/24. Unit 4F (1 Br. Apt.): $16,740 Ann.; Lease Exp.: 4/1/24. Pro Forma Gross Income: $177,612 Ann. Expenses: Gas : $1,520 Ann. (Heat + Hot Water Only For Entire Building) Electric: $0 Ann. Water + Sewer: $6,500 Ann. Maintenance + Repairs: $250 Ann. Insurance: $2,823 Ann. Taxes: $15,124 Ann. Total Expenses: $26,217 Ann. Net Operating Income (NOI): $151,395 Ann.
